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Shiba Inu Rebounds From Critical Support; Here’s What Could Happen Next
Shiba Inu had a fairly underwhelming week, slipping nearly 10% in the last seven days. Despite that, it still holds a 7% gain over the past month. But with the broader market in flux, traders are wondering whether SHIB’s momentum will hold through August or if the token is running… Listen ⇢
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Blockchain-focused Figure Technology joins crypto IPO wave with SEC filing – MAXBIT
Public markets provide new fundraising avenues for blockchain companies, enabling them to tap into capital from traditional markets. Figure Technology Solutions, a fintech company focused on transforming financial services through blockchain technology, has filed confidentially for an initial public offering (IPO) with the US Securities and Exchange Commission, joining a… Listen ⇢
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SEC Clarifies Securities Status for Liquid Staking Tokens
The SEC issued a statement on liquid staking tokens (LSTs), clarifying how these and other staking activities fit within securities laws. The Commission generally loosened existing rules, but it’s not a laissez-faire approach. To be clear, this is a non-binding statement, and the SEC’s position on the subject could change… Listen ⇢
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South Korean Crypto Exchange Boss Hit With 2nd Fraud Case – MAXBIT
Reports have disclosed that Shin Jin-wook, the chief executive of South Korean crypto exchange Bitsonic, has been handed a second prison term for a fresh fraud charge. Based in Daegu, Shin was found guilty of manipulating trading data and misleading customers. He is already serving a seven-year sentence for misappropriating… Listen ⇢
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When Will XRP Rally Next? One Chart Suggests It Might Be Anytime Soon
XRP hasn’t rallied yet, but it’s hovering near the $3 mark, holding onto a 35% monthly gain. However, the past week has erased more than 5.3% of those gains. And that has left traders unsure whether a breakout is near or another leg down is coming. And with August being… Listen ⇢
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Michigan pension fund deepens Bitcoin exposure with $11M stake in ARK ETF – MAXBIT
The State of Michigan Retirement System has nearly tripled its Bitcoin ETF holdings, signaling rising institutional confidence in digital assets. Michigan’s state pension fund has significantly increased its exposure to Bitcoin (BTC) via the ARK 21Shares (ARKB) exchange-traded fund, highlighting how ETFs are streamlining access to digital assets for institutional… Listen ⇢
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SEC Commissioner Praises Privacy Tumblers Despite Tornado Cash Crackdown
As the Tornado Cash trial nears its conclusion, SEC Commissioner Peirce gave a speech defending crypto privacy. She criticized federal regulators’ approach and defended crypto mixers as a beneficial technology. For now, this statement won’t impact Roman Storm’s trial. Still, it emphasizes that crypto privacy is still popular, even within… Listen ⇢
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Chainlink Connects Wall Street to Blockchain With Live US Equity and ETF Data – MAXBIT
The blockchain abstraction layer continues to close the gap between traditional and DLT markets. This latest feature will bring tokenized US equities and ETFs to the blockchain, making access to these assets easier and available around the clock. Advancing The Tokenization Market Chainlink, a bridge between real-world data and blockchain,… Listen ⇢
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EUR/USD Weekly Forecast: Surprise, Surprise! NFP Pushes Fed Towards Rate Cut
The EUR/USD pair bottomed at 1.1391 on the first day of August, its lowest in over a month. The US Dollar (USD) found legs regardless of the market sentiment, maintaining its positive momentum throughout quite a busy week. However, USD finally gave up on Friday after dismal United States (US)… Listen ⇢
Meet the podcast host, Emily Grace.
Emily Grace is a writer at crypto.readnow.cc, covering the latest trends, news, and insights in the world of cryptocurrency and blockchain.
